The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
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Naseej, a leading integrated real estate development and infrastructure company, has announced that it has been awarded a major contract to develop 2,467 housing units in Madinat Khalifa under the Bahrain Government Land Development Programme.
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Dubai carrier flydubai has suspended flights to and from Israel following a security incident involving pilots of flight FZ1073, which was diverted to Saudi Arabia on Wednesday.
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Saudi Arabia's real GDP is expected to contract 3.6% in 2026, largely because of a sharp decline in oil activity, even as the non-oil economy continues to expand, according to the Ministry of Finance's Pre-Budget Statement for 2027.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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The UAE's national passenger rail network enters a major new phase on Wednesday with the launch of Etihad Rail services linking Abu Dhabi, Dubai and Fujairah, giving travellers a new intercity alternative to road transport and bringing Dubai into the country's rapidly expanding passenger rail system.
Brent crude held above $103 a barrel early Wednesday as a sharp recovery in oil flows through the Strait of Hormuz offered some relief to a market still grappling with the effects of the prolonged Iran conflict and uncertainty over the waterway's future.
Sharqia Development Authority has announced that it has won approval from the Saudi authorities for its Misk Tarout masterplan for Darin and Tarout Island, thus paving the way for new urban, economic and environmental development projects in the Eastern Region.
Trading value across Arab capital markets hit $825 billion during the first nine months, up 18% year-on-year, while their combined market capitalisation stood at $4.3 trillion at the end of September, reflecting continued market activity and resilience amid regional volatility this year, said an industry expert.
Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a decree forming the board of directors of the Investment Corporation of Dubai (ICD), with Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum as its Chairman, reported state news agency Wam.
Global financial assets increased by 8.6% in 2025 to a record EUR268.4 trillion ($304.4 trillion), despite a challenging geopolitical and economic backdrop, says a new report.
ACICO Group, a Kuwait-based building materials and construction company, said it has reached agreements with two local creditor banks to restructure its outstanding debt and financing obligations, thus bringing completed settlements to about 80% of the total creditor bank obligations.
Arabian Drilling, a leading Saudi oil and gas drilling contractor, said it has signed a SAR2 billion ($528 million) deal with Khafji Joint Operations (KJO) to provide four high-specification offshore jack-up drilling rigs. This four-year contract is the largest single offshore drilling award KJO has made to Arabian Drilling.
A deal has been signed to study the development of a major transport-oriented mixed-use destination within King Salman Gate in Makkah costing SR21 billion ($5.6 billion).
Big 5 Global, the most influential industry event for construction and urban development in the Middle East, Africa and South Asia (MEASA), returns to Dubai in November bringing together products, technologies and expertise from across the world.
Siemens Energy’s full supervisory and executive boards met at the company's Dammam Hub on Wednesday (September 30).
The Saudi Red Sea Authority (SRSA) today presented Red Sea Global (RSG) with two operating licences for AMAALA Marina and Shura Marina.
COEX has brought 50 promising Korean consumer-goods companies to Dubai as part of a new initiative to help small and medium-sized enterprises expand into the Middle Eastern market and build long-term export channels across the region.
The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
The Saudi Red Sea Authority (SRSA) today presented Red Sea Global (RSG) with two operating licences for AMAALA Marina and Shura Marina.
A High-Level Ministerial Majlis and Resilience Dialogue titled ‘From Shock to Resilience: Safeguarding Food Security and Critical Supply Chains Amid Regional Disruptions’ focused on moving from responding to disruptions after they occur to preparing proactively for risks and building resilience.
The Big Heart Foundation (TBHF) has launched the fourth edition of ‘Educate the Heart’, bringing together more than 12,000 students, 47 teachers and 47 schools across Sharjah for a year-long programme.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has announced the launch of The Hangout by Mall of the Emirates, a new indoor-outdoor lifestyle and leisure precinct, featuring four entertainment concepts alongside 18 F&B experiences including its first-ever outdoor food courtyard.
CrediMax, a leading payment solutions provider in Bahrain, has appointed Andrew Mark Hocking as its Chief Executive Officer.
Cloudflare, a leading connectivity cloud company, has announced its intent to become a public Certificate Authority (CA), an open service that issues the digital certificates websites need to encrypt traffic and prove their identity to visitors.
Bahrain's national carrier Gulf Air celebrated the launch of its inaugural flight to Malaysian capital Kuala Lumpur, thus marking the commencement of a new direct air link between the two countries and further expanding its international network ahead of F1 Bahrain Grand Prix 2026.
Bahrain will convene an exclusive gathering of ministerial and senior government officials, visionary chief executives, and influential voices from across the Middle East, Asia, Europe, Latin America, and North America, for the fourth edition of Gateway Gulf in November.
Saudi Arabia has called for strengthening GCC integration in the housing sector and leveraging Gulf capabilities and expertise.
